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KUALA LUMPUR (Dec 28): Bursa Malaysia’s main index trimmed some of its gains in the midday break on Monday, as glove makers linked to the index pulled out following the launch of vaccines in several countries.
At 12.30 pm, the FBM KLCI rose 5.84 points to 1,647.01. The index had previously risen to a high of 1,655.96.
The winners led the losers by 460 to 300, while 760 meters were traded unchanged. The trading volume was 5.08 billion shares valued at 2.15 billion ringgit.
Winners included KESM Industries Bhd, Hong Leong Financial Group Bhd, Carlsberg Brewery Malaysia Bhd, Greatech Technology Bhd, Ajinomoto (M) Bhd, Malaysia Airports Holdings Bhd, CN Asia Corp Bhd, Powernet Group Bhd, and Public Bank Bhd.
Actively traded stocks include AT Systematization Bhd, Iris Corp Bhd, Fintec Global Bhd, Land & General Bhd, Lion Industries Bhd, and Hiap Teck Venture Bhd.
The main losers were Supermax Corp Bhd, Nestle (M) Bhd, Top Glove Corp Bhd, Careplus Group Bhd, Kossan Rubber Industries Bhd, Bursa Malaysia Bhd and Hartalega Holdings Bhd.
Reuters said global stocks rose on Monday when a source said US President Donald Trump signed into law a $ 2.3 trillion pandemic aid and spending package that he had so far refused to sign.
US S&P futures were up 0.4% for the last time, he said.
JF Apex Securities Research said US stocks posted slight gains in low trading on Thursday to close the week shortened by the holidays.
He said European stocks closed mixed after a light trading session on Thursday as traders became bullish on the possibility of reaching a Brexit trade deal.
“At the local level, the FBM KLCI lost 6.33 points or 0.38% to settle at 1,641.17 points. Market breadth was negative with 587 losers compared to 514 winners.
“We expect the local stock market to decline this week, oscillating between the 1,615-point support level and the 1,695-point resistance level, as investors are absent for the year-end holidays,” he said.
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